Planning to Buy. Objectives:. Describe the merchandise planning function Outline internal and external sources of planning information Explain factors to be considered in preparing financial and merchandise assortment buying plans Describe ongoing inventory management planning
Do your homework before you buy.
Don’t be pressured into anything!
Lower cost, higher markups
Consumers cannot shop and compare
Add status or prestige
More variety of goods
Jobs to developing countries
Buying trips longer and costlier
Longer lead times
Sizing, fit, and quality
Delays in shipping
Takes jobs from U.S.Offshore Sourcing